After challenger banks comes the wave of anti-fraud startups

The sheer scale of global financial crime is not to be underestimated. The U.K.’s National Crime Agency recently observed that it’s “in the hundreds of billions of pounds” annually, and that’s just in the U.K. In the U.S., domestic financial crime, excluding tax evasion, generates approximately $300 billion of proceeds each year for potential laundering. This is a conservative estimate. So with the rise of startup banks, it only makes sense that the next phase of this fintech evolution will be detecting financial crime and fraud. It’s, therefore, no surprise that Mimiro, which was previously known as ComplyAdvantage and was

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